RE: Talk About VOLATILITY: Bitcoin Hits $2806, Then Plunges Nearly $500 To $2346 Before Stabilizing At $2568, Up 4% On The Day
Just got an account at Coinbase set up, and plan to dip my toe in the crypto market soon, so studying all I can on the tech. The action is just too enticing not to hold a position. Crypto seems poised to become a major player in the coming years, perhaps even the monetary salvation of the planet, but in my view it's still rather speculative, based on very interesting (and probably sound) theory and high hopes but not much else. Maybe I'm just too skeptical, or still lack understanding of what it all means. We'll see.
All this compared to silver, which I've been stacking for years, and which we know is a hard commodity for which there is no substitute, with a multi-millenia history as real money, amazing physical properties unique among the elements, essential to technologies of every kind, and slated to be the first element on the periodic table to effectively go extinct in just a few years (according to the USGS). Now that's an investment you can sink your teeth into. It might be my grandkids who look back in amazement at old Pappy's cunning silver play in gratitude, but I'm in for the long haul, whether it's wifey and I or the grandies who catch the wave.
How long the illegal and immoral manipulation of PMs can go on is anybody's guess. But I figure once fiat implodes (a mathematical certainty in my estimation), then the game is over. I'm sure JPM is looking at it the same way, and is trucking in the Ag like there's no tomorrow... which God knows there may not be. The singularity could happen any moment. Hell, the central banks may have already set the date for the great turnover, when they can use their massive PM stash to remonetize their sorry, despicable asses.
God bless you, Sean, for the incredible work you do. Been a follower for many years. The goodness of your soul shines through in every vid, brother.
Thank you stringdancer, I will be happiest when Hillary is in prison and precious metals manipulation to the downside ENDS. BTW, I very much appreciate your kind words brother.